Despite recent fluctuations, Bitcoin (BTC), the leading cryptocurrency, remains a focal point of discussion among investors and industry leaders. Following its record high of $109,000 just days ago, Bitcoin’s bullish momentum has waned, prompting renewed interest in its future potential.
Coinbase CEO Brian Armstrong recently shared his insights on Bitcoin’s trajectory during an interview at the World Economic Forum in Davos, Switzerland.
US Strategic Reserve As Key To Bitcoin’s Future Value
Armstrong emphasized the increasing institutional adoption of Bitcoin, particularly through exchange-traded funds (ETFs) and other financial instruments.
The executive believes that if the US were to establish a national Strategic Bitcoin reserve, it could significantly bolster Bitcoin’s value. According to Armstrong, such a move would set a precedent for other G20 nations to follow, potentially pushing Bitcoin into a price range of “multiple millions.”
“I think he is excited about it. I mean, he really wants to be the first Bitcoin president,” Armstrong stated, referring to President Donald Trump. Armstrong highlighted his previous meetings with Trump, where they discussed the potential benefits of Bitcoin for the US economy and its role as a financial reserve.
Armstrong’s vision extends beyond mere speculation; he envisions a future where BTC becomes a standard reserve asset for governments worldwide. “The US has reserves in many assets—gold, oil, and various rare minerals. I believe the world is moving toward a Bitcoin standard for money,” he asserted.
Ethical Concerns Surround Trump Family’s Crypto Ventures
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Author: Ronaldo Marquez
